Theres Hope for the Hungry Inc

Analysis

Theres Hope for the Hungry Inc is a registered charity in United States, based in Cumming, GA. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Theres Hope for the Hungry Inc reported income of $735k and spending of $934k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $995k to $735k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Theres Hope for the Hungry Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within GA. Charities of a similar size with the same main cause include We Care Inc 121694 ($735k), Equality New Mexico Foundation ($735k) and Oklahoma Black Historical Research Project Inc ($735k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $589k. At year end it held assets of $449k against liabilities of $17k, net assets of $432k. It reported 7 employees.